(May 3): Iran has released the crew of a seized Portuguese-flagged ship linked to Israel, but remains in control of the vessel itself, Foreign Minister Hossein Amirabdollahian said.

Iran says crew of Israel-linked ship freed

KUALA LUMPUR (May 3): Digital Nasional Bhd (DNB) will hold a meeting next week to review due diligence findings on the 5G network rollout, Digital Minister Gobind Singh Deo said on Friday.

Digital Nasional to meet next week to discuss due diligence on 5G network — minister

Google has asked a US judge not to impose sweeping changes to the Alphabet unit's app store Play that were proposed by Fortnite maker Epic Games in the companies' closely-watched antitrust fight.

Google defends app store, fighting Epic Games' bid for major reforms 

(May 3): Asian currencies are poised for their best week in nearly two months as regional policymakers increased their intervention efforts and rhetoric.

The Bloomberg Asia Dollar index has gained by 0.3% this week so far, the biggest advance since early March, supported by inter...

Asian currencies set for best week in two months on intervention 

Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention from Japanese authorities.

Asian stocks surge; yen extends gains to cap wild week

Societe Generale SA equities traders outshone their bond-trading counterparts for a fourth straight quarter, with revenue from the unit helping the French bank beat estimates for profit in the three months through March.

Societe Generale profit beats estimates as equities help lift results 

Oil prices edged up on Friday on the prospect of Opec+ continuing output cuts, but the crude benchmarks were headed for the steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East reducing supply risks.

Oil prices set for steepest weekly drop in three months

SVB Financial Group, the former parent company of Silicon Valley Bank, said it reached a deal to sell its venture capital unit to a newly created affiliate of Pinegrove Capital Partners.

SVB Financial to sell venture capital business to Pinegrove

Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile.

Investors flood into Taiwan ETFs on AI boom, unnerving some

Thailand's headline inflation rate rose for the first time in seven months in April but remained below the central bank's target range of 1% to 3% for a 12th consecutive month, data showed on Friday.

Thai inflation rate positive in April, still below central bank target

Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.

Ajinomoto Malaysia surges to highest in nearly six years

Malaysia’s planned increase in civil servant salaries will boost earnings of RCE Capital Bhd, which mainly provides consumer financing to government employees, Maybank Investment Bank (Maybank IB) said and upgraded the stock to ‘buy’.

Higher civil servant salaries will boost RCE Capital's earnings, says Maybank IB

KUALA LUMPUR (May 3): Digital Nasional Bhd (DNB) will hold a meeting next week to review due diligence findings on the 5G network rollout, Digital Minister Gobind Singh Deo said on Friday.

Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention from Japanese authorities.

The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.

Tech jumps in late hours on Apple’s solid outlook

Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.

Türkiye halts all trade with Israel, cites worsening Palestinian situation

Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.

Hong Kong stocks are on their longest winning streak since 2018

Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.

Malayan Cement likely to report strong 3Q results, says CGS International

KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.

UUE signs underwriting deal with M&A Securities for ACE Market IPO

Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.

Apple unveils record US$110b buyback as results beat low expectations

Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.

Frontken expects stronger performance in 2H — Philip Capital

KUALA LUMPUR (May 3): KL Wellness City Sdn Bhd, through KL International Hospital Sdn Bhd, has launched KL International Tertiary Hospital as part of the first phase of the KL Wellness City township in Bukit Jalil here on Thursday (May 2).

KL Wellness City launches tertiary hospital as part of the township’s first phase

As the latest purchasing managers’ index (PMI) data indicated a softer contraction in Malaysia's manufacturing sector in April, economists are expecting the country's manufacturing condition to gradually recover in the near term, though it remains slightly behind regional peers.

Malaysia's manufacturing sector to recover gradually despite lagging behind regional peers — economists

Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.

Lotte Chemical Titan to face widening losses in 2QFY2024 on lower volume, weak product spread, says TA Securities

PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.

Domestic Trade Ministry raids premises selling products with ‘no palm oil’ label

KUALA LUMPUR (May 3):&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong said it is time for Malaysia&nbsp;to see biomass as the feedstock for new and advanced fuels and&nbsp;other green industries.

Timely for Malaysia to see biomass as feedstock for advance fuels — Liew

Teen apparel retailer rue21&nbsp;filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property.

Apparel retailer rue21 files for third bankruptcy, will close all stores

RHB Research has downgraded TA Ann Holdings Bhd to "neutral" from "buy", with a reduced target price of RM4.00 from RM4.15, after the stock increased by over 35% in the past year, leading the research firm to believe that the valuation is now fair.

RHB Research downgrades TA Ann to 'neutral', lowers target price to RM4

Analysts anticipate continuous growth for Westports Holdings Bhd for the rest of the year on the back of sustained trade activities in the regional economies and multi-year high foreign direct investment (FDI).

Analysts upbeat on Westports’ outlook amid multi-year high FDI

Peloton Interactive Inc shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.

Peloton tumbles to record low after announcing CEO exit, layoffs

PETALING JAYA (May 24): The Real Estate and Housing Developers' Association (Rehda) Malaysia has lost a mentor and a pillar of support following the passing of Datuk Teo Chiang Quan, Paramount Corp Bhd chairman and executive director, said Rehda president Datuk Soam Heng Choon (pictured).

The passing of Datuk Teo Chiang Quan: We have lost a great leader, says Rehda

A total of 75% of developers are seeing declining work efficiency due to the Covid-19 pandemic, thus impacting their construction progress of existing developments, a survey by Real Estate and Housing Developers Association Malaysia (Rehda) Malaysia showed.

Rehda survey: 75% of developers see construction progress affected due to Covid-19 and MCO

Permodalan Nasional Bhd (PNB) has sold Menara MIDF in Jalan Raja Chulan to Singapore-based JD Hospitality Sdn Bhd, The Edge Malaysia weekly reported in its latest issue.

Menara MIDF sold to Singapore-based group — sources

Developers should rethink their building strategies for high-rise strata properties especially in terms of density in relation to safety and disaster management issues.

"This is going to be their biggest challenge moving forward. The [COVID-19] pandemic may end with lifestyles returning to normal, but while we are concentrating only on the pandemic, that does not mean something else will not happen. How are we going to manage if other disasters happen?" asked Solaris Dutamas Management Corporation (MC) chairman Datuk Nabhesh Khanna during EdgeProp Malaysia's Virtual Fireside Chat entitled “Inside story: Managing high-end strata homes” on Facebook Live this evening.

Note to developers: Reconsider building strategies post pandemic

The Strata Management Act (SMA) should be reviewed to include the duties and responsibilities of strata building management committee members and chairman, urged Sri Penaga Condominium Management Corporation (MC) past chairman Khaw Chay Tee.

He said many people who become committee members of Joint Management Bodies or Management Corporations get on board not knowing what to do

SMA should define duties of JMB/MC committee members

Should there be a limit to a strata management committee's power especially with regards to the usage of the sinking fund?

Although existing laws do not impose legal limitations on a committee's powers, Solaris Dutamas Management Corporation (MC) chairman Datuk Nabhesh Khanna said a cap should perhaps be put on the usage of the sinking fund at any one time

Should there be a limit to an MC's use of the sinking fund?

The implementation of the Movement Control Order (MCO) to curb the spread of the COVID-19 pandemic from March 18 to May 4 had undeniably posed numerous challenges to Joint Management Bodies (JMBs) and Management Corporations (MCs) of strata properties.

The biggest challenge was to manage the residents' expectations during the lockdown period. Communication was crucial as many did not understand that the things that they used to do in normal days were being prohibited, said Sri Penaga Condominium MC past chairman Khaw Chay Tee.

MC chairmen: Making strata residents understand SOPs was the main challenge during lockdown

At a glance, the outside of a building may look fantastic. However, things may not be as rosy on the inside. And given the ongoing COVID-19 outbreak, we are spending more time indoors. How do we know if the building is ‘healthy’ or that our homes are safe?

According to Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee, a house could be your biggest single purchase - a dream purchase. “Most of the time, people tend to buy from the heart. We see parts [of the property] that we want to see, either beautiful landscaping or nice facilities. In fact, we could buy into a property where beauty is just skin deep but comes with many frivolous facilities,” shared Lee on EdgeProp Malaysia’s Virtual Fireside Chat titled "Stop! Are you destroying your property value?" on Facebook Live this evening. He also shared some insights obtained as a fellow judge on EdgeProp Malaysia’s Best Managed and Sustainable Awards over the years.

Ignore frivolous features when buying a property

Since the outbreak of COVID-19, one fundamental change for residential properties is that they have also become a workplace or the office to many people.

“As COVID-19 has forced more people to work or do business from home, residential properties have doubled up as commercial space, or even for industrial usage, depending on what you are doing, it could even be a warehouse,” offered Chur Associates founder and managing partner Chris Tan during EdgeProp Malaysia's Virtual Fireside Chat titled "Stop! Are you destroying your property value?" held this evening

Is your home still considered home following COVID-19?

Choosing a building that was designed for easy maintenance is one of the key attributes of building value in a property investment, according to the panel of experts featured on EdgeProp Malaysia's Virtual Fireside Chat titled “Stop! Are you destroying your property value?” held this evening.

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